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20130111
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FOX Business
Jan 11, 2013 6:00pm EST
the first time we had the debt ceiling issue, which is the one now looming in congress, we saved 2,000 points of the stock market. it did not last, thankfully, but it was scary. it may allow the people uneasy. we will -- will leave be in for the same type of problem if we get right up to that deadline and no agreement? >> yes. yes. and that is why we are all annoyed and hopeful that congress will learn a lesson and not do a test again because all they're doing getting in our way causing a lot of banks and warrior necessarily for the american public and investors or a wide. gerri: a broader question. you're a smart guy and you watch all this stuff. one of the things the we're waiting for, listening tour, s&p, moody's, downgrade are dead again, what will happen? we will be the ramifications? how will that hit individual investor portfolios? >> there is a risk that traditionally when they're is a downgrade of a bond rating the value of the bond goes down as well, which means if you own u.s. government securities you're going to suffer a loss of value. that did not really happened in
FOX News
Jan 11, 2013 1:00am PST
control issue and probably in the debt ceiling issue, doesn't that smack of totalitarianism? i'm not going to go with the checks and balances that the founding fathers put into place. i'm going to sign my name and you're gonna do it. >> well, we still have checks and balances. we still have the judiciary. any executive order can be challenged in court. the truth is that the courts have generally upheld executive orders finding them perfectly consistent with the constitution. they have done it on important issues, too. president truman used executive order to desegregate the military when congress wouldn't act. we have along history of executive orders even on constitutional issues. i don't think they violate the separation of powers. >> bill: you do see that it will wind up in court and it will be a mess and particularly on the gun issue. now, how do you see it coming down? let's take the guns first. the house is not going to go along with the president's overall view. they may make a couple of minor tweaks here and there how do you think the president is going to handle it? >> well,
CNBC
Jan 11, 2013 3:00pm EST
president saying don't negotiate on the debt ceiling? >> we've raised the debt ceiling about 70 times in the past century and this has never been a controversial issue. granted we do have a $16 trillion debt at this point in time so it makes it more prescient that we do this now but i completely disagree we should have gone over the fiscal cliff. we don't have a spending problem. we primarily have a revenue problem. >> wait a second. how could you say we don't have a spending problem and it's a revenue problem. you could raise taxes by 80% on the rich and you're still not making a debt into 16 trillion. this is not a revenue problem. >> sure. it's absolutely a revenue problem. if you look at what caused this, talking about extension of the bush tax cuts primarily for the wealthy and we're talking about getting into wars we couldn't afford. >> caroline, how much revenue are you talking about? add it up. it's not making a debt into $16 trillion in debt. so if you really want to make a dent in it you've got to stop the crazy spending. >> we want to make a dent in it we need to bring unemployment so people are less dependant on social services and their tax doll
CSPAN
Jan 11, 2013 2:00pm EST
is done, the feeling is that it is kind of kicked down a road, whether it is the debt ceiling issue in the summer of 2011 or now the fiscal clift a crisis of last month, government shutdowns. we are seeing more and more partisan entrenchment, and therefore, last-minute deals that do not seem to solve problems. that is a frustration that everybody shares. in the sense that we are dancing very close to the edge of allowing drastic about things to happen because of that. there's a frustration that spans all generations. host: to find out more about the survey from the pure research center, they have it on line. we have included a link to it. thanks for your time. >> in about 40 minutes, afghan president ahmed karzai will speak at georgetown university. you can watch these comments at about 5:30 p.m. eastern on c- span. now we will show you the press conference. the two leaders discussed the progress of the war and the planned withdrawal of troops from afghanistan next year. this is about 40 minutes. [indiscernible] >> good afternoon, everybody. >> it is my pleasure to welcome president ka
CNBC
Jan 11, 2013 9:00am EST
opinion is there's a huge difference between moral obligation and debt obligations, maybe the debt ceiling issue directly isn't the best avenue. the two-month delay on the sequester, do you think that's the best qualifier in your group of arrows to try. >> the best arrow in the quiver is the appropriation process. unfortunately for the process, it's the debt ceiling will happen first, followed by the continuing resolution lapse. so both are opportunities to try to curtail. they are coming in the wrong order. if a way to reverse that, i might be in favor of doing that to get them into the proper sequence. >> thank you. one final thought. in six months, when i have you on again and maybe a couple times interim, do you believe the discussion will be how many spending cuts the republicans in the house were able to be a catalyst toward with some great achievement that approaching a grand spending bill. could we have that conversation in six months? >> well, i would love it if we could, but let's be honest. we had a status quo election. the president wants to continue to spend money, so we continue to be the r
CSPAN
Jan 11, 2013 9:00am EST
it is the debt ceiling issue in the summer of 2011 or now the fiscal clift a crisis of last month, government shutdowns. we are seeing more and more partisan entrenchment, and therefore, last-minute deals that do not seem to solve problems. that is a frustration that everybody shares. in the sense that we are dancing very close to the edge of allowing drastic about things to happen because of that. there's a frustration that spans all generations. host: to find out more about the survey from the pure research center, they have it on line. we have included a link to it. thanks for your time. this has just been posted on the "washington post" politics page about senator jay rockefeller. a story saying that the senator will not seek a sixth term in 2014. a press conference is being scheduled. stay close to c-span for more information on that concerning senator jay rockefeller and his political future. do not forget, later on this afternoon about 1:15 p.m., a joint press conference between president obama and president hamid karzai of afghanistan prepared -- of afghanistan. you can se
MSNBC
Jan 11, 2013 6:00am PST
votes you're talking have to do with fiscal issues taking place, whether it's debt ceiling, whether it's government spending and things like that. are you willing to see cuts in government spending? are you willing to see reforms in medicare and social security that deal with parts of this debt problem the country has? >> well, i'll tell you. i've always been an advocate for responsible spending. i think government needs to be delivering services for people in a cost effective way. and now we have not only an opportunity, but an obligation to do that. find ways to spend smarter. that's what i stood for in the state legislature, drill down into budgets, find ways to more effectively deliver for people. so that is absolutely what i'm committed to doing. you know, in my position, in addition to working on the task force on gun violence in the house, i'm also on transportation and infrastructure. and science. and those are two great persons to look for how we lay the foundation for economic growth, for jobs in our communities. and that is going to have to be key part of this battle. >>
CNBC
Jan 11, 2013 5:00pm EST
contracted a lot of the parts and then sequestration issues and we will face them again with the debt ceiling debate i'm sure, and then all of those problems and you will see the concerns and the stock will sell off, but the longer term cyclical story for the company is positive. 50% of the operating costs for an airline is now fuel costs up from 25% as many years ago and that obviously means that the way for them to resolve that is newer and more efficient aircraft. this is efficient aircraft and the way of the future, and all we need to do is to see them continue to keep their production up. ten a month is what we are looking for by the end of the year by boeing, and with ren we not seeing cancellations, and the aircraft has had these problems and we saw them with the a-80 and those were structural issues with the wing, and that is what would give you reservations about getting on a plane, and that would be it. but they will resolve the problems and this is a pullback to buy the stock. >> and mike is bullish and using a risk reversal, and let's crack open the playbook to see how it works. b
FOX News
Jan 11, 2013 9:00am EST
resolution to continue to fund government. we'll be talking about lifting the debt ceiling a number about issues that the administration has to deal with immediately now on questions of spending and size and scope of government that will coincide with these confirmation hearings. there is no question in my mind that republicans are going to focus heavily on those issues with jack lew who has experienced at the office of management and budget before he became chief of staff to the president and wants to be elevated to treasury secretary. that will be the focus. i think they will try to frame him as really the face of the administration's handling of debt and deficits over the first term. bill: simple question in this too, what would you cut? where are your spending cuts? >> yeah. bill: put them on the table. how would you balance the budget? how would you get control of out of control debt? >> exactly. in particular, entitlement spending. we haven't had a proposal from the president, when timothy geithner who would be jack lew's predecessor if in fact confirmed was asked, what would you do on entitlem
FOX News
Jan 10, 2013 7:00pm PST
national debt. so you could see that the senator hatch, you know, intends that whole business of-- issue of spending cuts. this nomination hearing is going to be the floor about that particular issue just like the debt ceiling. >> well, i think it can be and i think the reason they never brought up a budget is because the democrats would have had to defend openly in public debate an unsupportable, indefensible plan that their president was promoting and they would have to follow it or reject it. and of course, when lew's budget was brought before the senate and the house, if you remember, greta, it got zero votes. not a republican or democrat in the house or senate voted for the budget that mr. lew was the architect of. i don't think that speaks well for a man who would take on the great position of treasury secretary. >> greta: president obama said that he had facilitated deals. he says that he has worked with republicans and democrats and president reagan and speaker o'neill and bill clinton and republican congress on the issue of a budget deal. i'm curious whether you agree he has bro
FOX News
Jan 11, 2013 1:00am EST
, just like the debt ceiling. >> i think he can be. i think the reason they never brought up a budget is because the democrats would have had to -- defend openly in public debate an unsupportable, indefensible plan that their president was promoting. and they would have had to follow it or reject it. and of course, when lew's budget was brought before the senate and the house, if you remember, greta, it got zero votes -- not a republican or a committee in the -- or a democrat in the house or the senate voted for a bill that mr. lew was the architect of. i don't think that speaks well for a man who would take on the position of treasury secretary. >> greta: president obama says he facilitates deal, citing president reagan and speaker o'neill on social security and president clinton and a republican congress on the issue of a budget deal. i am curious whether you agree that he has brought the two sides together. if so, where has that been in the last go-round, the last 18 months? >> the last fiscal cliff deal, he -- his chief of staff at the white house, he was involved in the negotiati
Current
Jan 11, 2013 3:00am PST
threaten the coin in exchange for the mcconnell bill to get rid of reoccurring debt ceiling votes. and on the issue of obama's white guy problem cybercity says yes bill. pote us has a gender and diversity problem. women are better negotiators. rhonda says always good to get up in san francisco to see the sexy ass michael tomasky on the tube. bill, have him on more often. >> bill: oh, my god. >> hey, ladies. >> why are we so surprised here? >> bill, you get this sometimes. >> bill: i was expecting her to say always nice to get up early in san francisco to see the sexy ass bill press. >> sexy ass michael tomasky. >> bill: she meant to say both. >> i'm not so sure. >> bill: now you know why we have you in. while we have your fan club here, can we say hello to beverly in chicago. >> caller: how you doing? >> bill: okay. >> caller: this is straight to mr. press. i was listening to joe scarborough yesterday morning for the first 30 minutes. >> bill: big mistake. >> caller: rambling on about the president having all white boys in his cabinet and no women. now i understand why he is saying it because all he's
Current
Jan 10, 2013 7:00pm PST
debt ceiling debate. but there really is more on his plate, including immigration reform and student loans and possible supreme court vacancies. how do we expect president obama to handle these very large matters and what are his priorities going to be in his second term agenda? kelly has been writing about this welcome inside "the war room." >> happy new year. >> jennifer: happy new year to you, too. always delightful to have you. you've been working on the issue of the second term and what is looming. kelly, today the conservative chamber of commerce said immigration reform is one of their top priorities. don't you think that's a huge gift to president obama's hopes to achieve immigration reform in this new congress? >> you know what is the biggest gift to president obama for immigration reform, the election. the election. because i'm sorry, when i heard that sean hannity was open to immigration reform, i wasn't sure if i was on that episode of "seinfeld" where everything was in bizarro world. we've crossed over into a new america. immigration reform is no long arrest pipe dream. i
CNBC
Jan 11, 2013 12:00pm EST
foible and apple, i am not concerned about the debt ceiling. i had think they will extend it for three months. the fiscal cliff, guess what? we got through it. the issue was if you weren't in it, you didn't make money. so i think the market is very good here. it's just, you know, saying don't -- >> i was talking about bob pisani about this whole volatility issue. one of the things that bob brought up to me, and i believe it's completely true, not only people are buying put protection, they're buying calls rather than getting into the equity names themselves. you can see the volumes going boo names like facebook -- but it's got to start somewhere. it's expensish to have a bond investor and -- and pete congratulations on joining us from the horse country. i love the jacket. >> it's part of my ralph lauren collection. >>> jeremy siegel is professor of finance. thanks so much for coming back on halftime. >> thanks for having me. >> we read the stat at the top of the show. the second best weekly inflows ever. is that a bullish sign for the market? is this the beginning of the great rotation from bonds into stocks? >> i truly think so. i really get the feel --
Current
Jan 11, 2013 3:00pm PST
the debt ceiling applies. and the idea is to recognize if we don't have enough money to pay those day-to-day obligations that the federal government should issue ious to people. it would say we're very sorry, yes, we owe you money, can't pay you now, when we can, we will. and then the fun part of the idea is that instead of the treasury trying to raise money through a back door mechanism like the platinum coin people would take these ious and tell them at a small discount, and that gets cash to most people's hands and at the same time it is less of a constitutional front to the congress. >> jennifer: so the notion would be that the -- so everybody who is a contractor with the government who is owed some money would be given some kind of paper. they could take that paper to the bank, and the bank would somehow buy it on the assumption that the bank believes that this will be resolved at some point because of the history of the united states. so the question is ed this sort of hand -- this did happen in california. when people compare california in -- what was that 2009? >> yes, ma'am. >> jennifer: to what we are facing today, i don't think that we w
MSNBC
Jan 10, 2013 11:00pm EST
debt ceiling and money here and there and cuts and whatnot. it is about what the republicans want to take from the lower-income americans. that is the issue. and our next guest, bernie sanders, wants action. and so do the american people. i was struck by his essay in the huffington post that was titled "the soul of america." so well put. because folks, this is, as i said, an ideological battle. and the deck is basically stacked against you if you're in the middle class or below that. we're experiencing more income inequality now than we have during any time in a period of history since 1928. the top 1% owns 42% of the country's financial wealth. 1% of americans own 42% of the country's wealth. as for the bottom 80%, they own only 5% of the wealth. yet despite those kinds of statistics, the republicans and the big money donors who back them are aiming for more. we've heard all the rhetoric. we don't have enough revenue. well, wait a minute. we've got too much revenue going in. it's a spending problem. but we all know the reality of it. republican policies have grown our deficit. the deregulation of wall street. the tax breaks for the rich. the
FOX
Jan 11, 2013 7:00am EST
time in the day to do else but budget. >> that will be big. >> facing this debt ceiling coming up in february. we just backed away, though inches away from the fiscal cliff. do you feel like this is the biggest issue that's facing americans now? >> it is. it's a combined issue. we were talking on break before we started, it's a little bit about fiscal budget, and that's usually important, but it's also a little bit about us showing the american public we can work together. because any of the issues we're going to talk about, whether veterans unemployment or fiscal involve democrats and republicans, house and senate, congress and the president, being able to work together. i was a mayor of a diverse city. i was governor with two republican houses. you know, i had to learn, even amidst disagreement, let's keep the communication and relationship going. and you might find something you agree on tomorrow. my perception thus far, while it's largely been positive in the two months since i've been elected, there's a lot of relationship building stuff that needs to be done better. my hope is with 15 new senators out of a body of 100, that could rescramble the equation and open windows, maybe fresh air and give us
Search Results 0 to 30 of about 31 (some duplicates have been removed)